March 8, 2008

Net: -$172

Started the day struggling, went under because of CVX trend, made it back to flat following supports on XLF and XLE.

cvx-030808.png

I was short LEH and BAC when the financials ripped from 5EMA21 to 15EMA21 where it eventually bounced back to 1EMA21. I was 200% above my $85 stop loss so they closed my positions, at the TOP.

bac-030808.png

leh-030808.png

Could have made a killing had I waited for that perfect moment that financials hit 15EMA21.

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